U.S. stocks drop ahead of central bank meetings

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Source: Forexpros
U.S. stocks tumbled on Monday, ahead of the Fed's policy meeting later this week, and amid speculations that the ECB will take bold actions to lower borrowing costs for troubled nations in the region. The Dow Jones Industrial Average fell 0.19%, to 13,250.58; the Standard & Poor 500 Index erased 0.27%, to 1,414.34, while the Nasdaq Composite Index lost 0.35%, to 3,065.56. No significant economic data is expected to be released on Monday, and as many traders are on summer holidays, the volatility is likely to be low.
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Mon, 20 Aug 2012 18:03:46 GMT

Gold futures depreciated on Monday

Oil futures turned lower as investors are waiting for fresh news from policy makers during this week.  Bullion for December settlement turned lower by 0.2 per cent, to $1,616.40 per ounce.  Among other metals, copper for September delivery erased 1% to $3.38 per pound, and September palladium lost 0.9% to $599.95 per ounce. Silver with September contract and platinum for same month resisted the trend and

Mon, 20 Aug 2012 17:41:45 GMT

China new-home prices increase on interest-rate cuts

China's new-home costs surged in the biggest number of cities in fourteen months in July amid interest-rate cuts, challenging the government's efforts to boost economic growth while constraining housing speculation. Prices rose in 49 of the 70 cities from preceding month, the most since May 2011, the National Bureau of Statistics reported on Monday.

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